Wang Liqun, the actual controller of Hanbang Hi-Tech, received a warning letter and promised the subscriber a guaranteed income

Source: China Economic Network

China Economic Network Beijing, September 8, 2021 The website of the Beijing Supervision Bureau of the China Securities Regulatory Commission (CSRC) yesterday announced the "Decision on Administrative Supervision Measures for Issuing a Warning Letter to Wang Liqun ([2021] No. 130)". After investigation, Wang Liqun, as the controlling shareholder and actual controller of Beijing Hanbang Hi-Tech Digital Technology Co., Ltd. (hereinafter referred to as "Hanbang Hi-Tech", 300449.SZ), when Hanbang Hi-Tech issued shares in 2018 and paid cash to purchase 100% of the equity of Beijing Jinshi Weishi Technology Development Co., Ltd. and raised supporting funds, there was a situation of making a guaranteed income commitment to Huaxin International Trust Co., Ltd., the source of funds for the subscriber "TEDA Manulife Zhongbing Investment No. 2 Fixed Increase", which violated the " Article 17 of the Administrative Measures for the Issuance and Underwriting of Securities (Order No. 121 of the CSRC).

In accordance with the provisions of Articles 38 and 41 of the Administrative Measures for the Issuance and Underwriting of Securities (Order No. 121 of the CSRC), the Beijing Supervision Bureau of the CSRC has decided to take administrative supervision measures against Wang Liqun by issuing a warning letter. Wang Liqun shall abide by the laws and regulations of the capital market and strictly perform the obligation of information disclosure.

According to the inquiry of the reporter of China Economic Network, Beijing Hanbang Hi-Tech Digital Technology Co., Ltd. is a technology-based enterprise, which was established on October 9, 2004 and listed on the Shenzhen Stock Exchange on April 22, 2015, with a stock code of 300449. The company's main business is the production and sales of security products, sales and installation of monitoring systems. As of July 22, 2021, the major shareholder of the company is Wang Liqun, with a shareholding ratio of 11.41%. Hanbang Hi-Tech's 2021 semi-annual report shows that the company's controlling shareholder, actual controller, director and general manager is Wang Liqun.

Rules:

Article 17 of the Administrative Measures for the Issuance and Underwriting of Securities (Order No. 121 of the Csrcrcrcles): The internal control system of an issuer is sound and effectively enforced, which can reasonably ensure the reliability of financial reports, the legality of production and operation, and the efficiency and effectiveness of operations.

Article 38 of the Administrative Measures for the Issuance and Underwriting of Securities (Order No. 121 of the CSRC): After the approval of the application for issuance, but before the end of the stock issuance, if a major event occurs to the issuer, it shall suspend or suspend the issuance, and promptly report to the CSRC, while performing the obligation of information disclosure. Where the conditions for issuance are affected, the approval procedures shall be re-performed.

Article 41 of the Administrative Measures for the Issuance and Underwriting of Securities (Order No. 121 of the CSRC): The content and format guidelines of the prospectus are the minimum requirements for information disclosure. Regardless of whether the Code expressly provides for it, any information that has a significant impact on investors' investment decisions should be disclosed.

The following is the original text:

Decision on administrative supervision measures for Wang Liqun to issue a warning letter

[2021] No. 130

Wang Liqun:

After investigation, as the controlling shareholder and actual controller of Beijing Hanbang Hi-Tech Digital Technology Co., Ltd. (hereinafter referred to as the listed company), when the listed company issued shares in 2018 and paid cash to purchase 100% of the equity of Beijing Jinshi Weishi Technology Development Co., Ltd. and raised supporting funds, there was a situation of making a guaranteed income commitment to huaxin International Trust Co., Ltd., the source of funds of the subscriber "TEDA Manulife Zhongbing Investment No. 2 Fixed Increase", which violated the Administrative Measures for Securities Issuance and Underwriting. (SFC Order No. 121) article 17.

In accordance with the provisions of Articles 38 and 41 of the Measures for the Administration of Securities Issuance and Underwriting (Order No. 121 of the China Securities Regulatory Commission), our bureau has decided to take administrative supervision measures of issuing a warning letter to you. You should comply with capital market laws and regulations and strictly fulfill your information disclosure obligations.

If you are dissatisfied with these supervision and management measures, you may submit an application for administrative reconsideration to the China Securities Regulatory Commission within 60 days of receiving this decision, or you may file a lawsuit with a people's court with jurisdiction within 6 months from the date of receipt of this decision. During the period of reconsideration and litigation, the implementation of the above-mentioned supervision and management measures shall not be stopped.

Beijing Regulatory Bureau of china Securities Regulatory Commission

September 6, 2021